Tax Foundation Trashes Ohio Tax Code (Again)

The Tax Foundation has recently published its annual ratings of states for tax competitiveness, ranking Ohio among the 10 worst states at 42nd.

Some may question the low ranking since Ohio has made great strides in state tax competitiveness over the past 15 years by abolishing the state estate tax, zeroing out tangible personal property tax, eliminating corporate income tax and lowering personal income taxes.

The Tax Foundation has taken a dim view of gross receipts-based taxes such as the Ohio commercial activities tax (CAT) which applies a low-rate, broad-based tax on all in-state sales (only).

Interested in Ohio tax issues for manufacturers? Register for the upcoming OMA Tax Committee meeting on October 10. You can come in person or join by phone. 9/26/2018